Guideline Value for Annapuram Main Cross Street I (Ward 15)

Annapuram Main Cross Street I (Ward 15) guideline value

The current guideline value of Annapuram Main Cross Street I (Ward 15) is Rs 1,030 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Annapuram Main Cross Street I (Ward 15) has changed

Over the years, the guideline value for Annapuram Main Cross Street I has seen significant changes. The 2012 revision set the value at Rs 450 per sq.ft, which then decreased to Rs 301 per sq.ft in the 2017 revision. Following this, the value increased dramatically to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,030 per sq.ft as of the 2024 revision, marking a 3% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 232%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 129%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,040 per sq.ft. The guideline value of Annapuram Main Cross Street I is slightly below this median.

• Annapuram Main Cross Street IV (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street (New) (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street II (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street VI (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street III (Ward 15): Rs 1,030 per sq.ft (2024)
• Annapuram Main Cross Street V (Ward 15): Rs 1,030 per sq.ft (2024)

Stamp duty and registration fee for property in Annapuram Main Cross Street I (Ward 15)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,030 per sq.ft, the total guideline value amounts to Rs 10,30,000. The stamp duty at 7% would be Rs 72,100, and the registration fee at 2% would be Rs 20,600, bringing the total fees to Rs 92,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annapuram Main Cross Street I (Ward 15)?

The Sub Registrar Office that covers Annapuram Main Cross Street I is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kurichi

The guideline value is a crucial factor in the registration of property transactions in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is considered to ensure that the government receives the appropriate revenue from the transaction. Buyers and sellers must be aware of this value to accurately calculate the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Annapuram Main Cross Street I (Ward 15)?

The current guideline value of Annapuram Main Cross Street I (Ward 15) is Rs 1,030 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 450 per sq.ft in 2012 to Rs 1,030 per sq.ft in 2024, marking an overall increase of 129% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,30,000, the stamp duty is Rs 72,100 and the registration fee is Rs 20,600, totaling Rs 92,700.

Which office handles property registrations for Annapuram Main Cross Street I?

The Coimbatore North Joint 1 Sub Registrar Office handles property registrations for Annapuram Main Cross Street I, located at District Registrar Office, Syryan Church Road, Coimbatore -641001.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the correct revenue is collected by the government based on the property value being registered.